【作者】 陈玲玲；

【导师】 罗正英；

【作者基本信息】 苏州大学 ， 会计硕士（专业学位）， 2019， 硕士

【摘要】 许多企业希望通过并购取长补短,优势互补,实现并购的协同效应。但就当前的状况来说,只有少数企业达成了预期目标,实现了并购的协同效应。并购的协同效应能否实现受到很多因素影响,而文化整合发挥了重要的作用。科学的文化整合能缓解文化差异造成的文化冲突,顺利推进并购。通过提供科学的运营保障,员工会更愿意配合公司的各项活动,实现经营协同效应;借助于完善的激励机制,员工会更加积极主动地完成本职工作,提高管理效率,有助于管理协同效应的产生;通过增强企业凝聚力,企业全体员工团结一致,提升企业各方面的表现,最终会带来财务协同效应。鉴于并购双方的文化在国家和企业层面都存在一定差距,因此企业需要先分析文化差异再进行整合。不同层次的文化差异有其特质,企业需要循序渐进、分层次地进行整合。本文探究了文化整合与并购协同效应的关系,从物质、行为、制度和精神四个文化层次详细阐述了具体的整合路径。本文通过对海尔并购三洋后协同效应的实现来综合评价并购的结果,得到文化整合有利于并购协同效应实现的结论。希望可以为我国企业的跨国并购活动提供借鉴。更多还原

【Abstract】 Many companies hope to learn from each other through ruergers and acquisitions and achieve the synergy effect However,as far as the current situation is concerned,only a few companies have achieved the expected goals and achieved synergies.Whether the synergy effect of mergers and acquisitions can be realized is affected by many factors,and cultural integration plays an important role.The cultural integration can alleviate the cultural conflict caused by cultural differences and smoothly promote mergers and acquisitions.By providing scientific operational support,employees will be more willing to cooperate to achieve business synergies;with a sound incentive mechanism,employees will be more proactive in their own work,improve management efficiency and help achieve manage synergies;by strengthening the cohesiveness of the company,all employees of the company will unite and enhance the performance of all aspects of the enterprise,which will eventually bring financial synergies.In view of the fact that there is a certain gap between the culture of the two parties at the national and enterprise levels,the enterprise needs to analyze the cultural differences.Different levels of cultural differences have their own characteristics,and enterprises need to integrate step by step and hierarchically.This paper explores the relationship between cultural integration and the synergy effect of mergers and acquisitions and elaborates the specific integration path from the four cultural levels of material,behavior,system and spirit.This paper comprehensively evaluates the results of mergers and acquisitions by combining the three aspects of Haier’s acquisition of Sanyo.And the conclusion is that cultural integration is conducive to the realization of the synergy effect of mergers and acquisitions.I hope that it can provide reference for the cross-border M&A activities of Chinese enterprises.更多还原